Tempur Pedic International CEO Discusses Q4 2010 Earnings Call Transcript

Tempur Pedic International (TPX)

Q4 2010 Earnings Call

January 20, 2011 5:00 pm ET

Executives

Dale Williams - Chief Financial Officer and Executive Vice President

Barry Hytinen - Senior Vice President of Financial Planning & Analysis, Investor & Media Relations & Competitive Intelligence

Mark Sarvary - Chief Executive Officer, President and Director

Analysts

Keith Hughes - SunTrust Robinson Humphrey Capital Markets

Mark Rupe - Longbow Research LLC

John Baugh

Robert Drbul - Barclays Capital

Joan Storms - Wedbush Securities Inc.

Eric Hollowaty - Stephens Inc.

Joseph Altobello - Oppenheimer & Co. Inc.

Bradley Thomas - KeyBanc Capital Markets Inc.

Jon Andersen - William Blair & Company L.L.C.

Budd Bugatch - Raymond James & Associates

Anthony Gikas - Piper Jaffray Companies

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Tempur-Pedic International Fourth Quarter 2010 Earnings Conference Call. [Operator Instructions] At this time, I would now like to turn the conference over to you host, Mr. Barry Hytinen. Sir, you may begin.

Barry Hytinen

Thanks, Joe, and thank you, everyone, for participating in today's call. Joining me here in our Lexington headquarters are Mark Sarvary, President and CEO; and Dale Williams, CFO. After prepared remarks, we will open the call for Q&A.

Forward-looking statements that we make during this call are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements, including the company’s expectations regarding sales and earnings, involve uncertainties. Actual results may differ due to a variety of factors that could adversely affect the company’s business. The factors that could cause actual results to differ materially from those identified include economic, competitive, operating and other factors discussed in the press release issued today. These factors are also discussed in the company’s SEC filings, including the company’s annual report on Form 10-K under the headings special Note Regarding Forward-Looking Statements and Risk Factors. Any forward-looking statement speaks only as of the date on which it is made. The company undertakes no obligations to update any forward-looking statements.